VEDL trade ideas
VEDANTA LTD- FORMING A BASE.NSE:VEDL
Vedanta ltd moving in a tight trading range for many weeks now and it have formed a resistance zone of 320-325
will enter the close above 325
other levels are marked on the chart.
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Happy Trading!
VEDLVEDL:- The stock has given a breakout by forming an ascending triangle pattern, keep your eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
VEDL | Breaking resistance zone | 10 to 20% upside potential320-325 has been resistance zone for VEDL since May'22.
The stock now seems to be breaking out above 325 levels with good volume.
If sustains above 325 (2 days closing) above 325 levels, will give good confidence on further up move2.
Targets coming to 360+, 390+ in 1-2 months.
SL: Daily candle close below 320.
Vedl Quick ProfitVEDL has broken out of its resistance after consolidating right on it and it has done so on above average volume after taking support from
its trendline and is giving an opportunity for a quick profit.
Target 354.90
Stop loss 314.45
Option data has had a massive increase in open interest and shows a long buildup
Keep It Simple
Swing trade Hold 2-3 Days & Book 5%Trendline Breakout in VEDANTA LTD
Book profits within the first 30 minutes of the market opening
- Try to exit by taking 9-10% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
Now, why do I prefer swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 3-4 days and the rest of the time they either consolidate or fall
CMP- 324
Target Price 340
Note:- I am not SEBI Registered This Trade is only educational Purpose